It’s an obvious conclusion that auto insurance companies want to keep you from shopping around. Insureds who shop around at least once a year are inclined to switch auto insurance companies because they have good chances of getting low-cost coverage. A recent survey revealed that consumers who routinely shopped for cheaper coverage saved on average $850 each year compared to those who don’t make a habit of comparing rates.
If finding the cheapest rates on Jeep Grand Cherokee insurance in Minneapolis is the reason you’re here, then having a good understanding how to find and compare insurance rates can help you succeed in finding affordable rates.
To save the most money, the best way to find cheaper auto insurance rates is to begin comparing prices regularly from insurance carriers who sell auto insurance in Minneapolis.
- Read about car insurance and the things you can control to lower rates. Many things that result in higher rates such as traffic citations, accidents, and a substandard credit history can be amended by making small lifestyle or driving habit changes.
- Compare prices from exclusive agents, independent agents, and direct providers. Exclusive and direct companies can provide rates from one company like GEICO and State Farm, while independent agencies can provide price quotes from multiple sources. View insurance agents
- Compare the new rates to your current policy premium to see if you can save by switching companies. If you can save money and make a switch, verify that coverage does not lapse between policies.
An important part of this process is to compare identical coverage information on each quote request and and to look at as many companies as you can. Doing this provides the most accurate price comparison and and a good selection of different prices.
Affordable rates by receiving discounts
Properly insuring your vehicles can get expensive, but you might be missing out on some discounts that you may not even be aware of. Some discounts apply automatically at quote time, but a few must be inquired about before you get the savings.
- Government Employees – Simply working for the federal government could cut as much as 10% off with a few auto insurance companies.
- Military Deployment Discount – Having a family member in the military may lower your prices slightly.
- Defensive Driving Course – Taking time to complete a course in defensive driver could save 5% or more and make you a better driver.
- Good Students Pay Less – This discount may save as much as 25% on a Minneapolis auto insurance quote. The discount lasts well after school through age 25.
- E-sign Discounts – Some of the larger companies will provide an incentive for buying your policy online.
- Pay Early and Save – If you pay your bill all at once rather than spreading payments over time you can avoid monthly service charges.
- Driver Education Discount – Teen drivers should participate in a local driver’s education class in school.
- Bundled Policy Discount – If you insure your home and vehicles with one company you will save as much as 10 to 15 percent.
- Own a Home – Owning a house in Minneapolis can get you a discount since owning and maintaining a home requires a higher level of personal finance.
You should keep in mind that most discount credits are not given to your bottom line cost. Most only apply to the price of certain insurance coverages like collision or personal injury protection. If you do the math and it seems like having all the discounts means you get insurance for free, it doesn’t quite work that way.
The diagram below illustrates the difference between Jeep Grand Cherokee auto insurance rates with and without discounts applied to the rates. Data assumes a male driver, no accidents, no driving violations, Minnesota state minimum liability limits, full physical damage coverage, and $1,000 deductibles. The first bar for each age group shows premium with no discounts. The second shows the rates with homeowner, multi-policy, marriage, claim-free, multi-car, and safe-driver discounts applied.
Auto insurance companies who might offer most of these discounts include:
It’s a good idea to ask each company what discounts are available to you. Some discounts might not apply in Minneapolis.
To find affordable Minneapolis auto insurance quotes, there are several ways to compare prices from many available insurance companies in Minnesota. By far the easiest way to compare Jeep Grand Cherokee insurance prices consists of obtaining rate quotes online.
Just remember that quoting more helps locate a better price.
The auto insurance companies shown below are our best choices to provide quotes in Minneapolis, MN. To get the best car insurance in Minneapolis, it’s a good idea that you compare several of them to get the best price comparison.
Data for Jeep Grand Cherokee insurance
The table shown next covers a range of insurance prices for Jeep Grand Cherokee models. Learning how policy rates are calculated can benefit drivers when making smart choices when buying a car insurance policy.
| Model | Comp | Collision | Liability | Medical | UM/UIM | Annual Premium | Monthly Premium |
|---|---|---|---|---|---|---|---|
| Grand Cherokee Laredo 2WD | $192 | $352 | $304 | $18 | $92 | $958 | $80 |
| Grand Cherokee Laredo 4WD | $192 | $352 | $304 | $18 | $92 | $958 | $80 |
| Grand Cherokee Limited 2WD | $216 | $414 | $304 | $18 | $92 | $1,044 | $87 |
| Grand Cherokee Limited 4WD | $216 | $414 | $304 | $18 | $92 | $1,044 | $87 |
| Grand Cherokee SRT-8 4WD | $216 | $414 | $304 | $18 | $92 | $1,044 | $87 |
| Get Your Own Custom Quote Go | |||||||
Prices above based on married male driver age 50, no speeding tickets, no at-fault accidents, $250 deductibles, and Minnesota minimum liability limits. Discounts applied include multi-vehicle, multi-policy, homeowner, safe-driver, and claim-free. Price information does not factor in specific location which can decrease or increase price quotes greatly.
The illustration below demonstrates how deductibles and can raise or lower Jeep Grand Cherokee insurance prices for different age groups. The information is based on a single female driver, comp and collision included, and no discounts are taken into consideration.
Difference between liability only and full coverage rates
The chart below compares Jeep Grand Cherokee car insurance costs with full physical damage coverage and with liability coverage only. The prices are based on no claims or driving violations, $100 deductibles, marital status is single, and no discounts are applied.
When to stop buying full coverage
There is no definitive guideline that works best for making the decision to drop full coverage, but there is a general school of thought. If the annual cost of your full coverage insurance is more than around 10% of the vehicle’s replacement cost less your deductible, then it’s probably a good time to buy liability coverage only.
For example, let’s assume your Jeep Grand Cherokee book value is $8,000 and you have $1,000 full coverage deductibles. If your vehicle is damaged in an accident, the most you would get paid by your company is $7,000 after paying your policy deductible. If premiums are more than $700 a year for your policy with full coverage, then you may want to consider only buying liability coverage.
There are some scenarios where buying only liability insurance is not financially feasible. If you have an outstanding loan on your vehicle, you have to keep full coverage in order to prevent your loan from defaulting. Also, if your finances do not allow you to purchase a different vehicle in the event your current vehicle is totaled, you should maintain full coverage.
Reduce Insurance Rates with These Tips
Lots of things are used in the calculation when you get a price on insurance. Some are obvious such as traffic violations, but others are less apparent such as your credit history or your vehicle rating. The best way to find cheaper insurance is to take a look at the factors that are used to determine insurance rates. If you have a feel for what impacts premium levels, this allows you to make good choices that could result in big savings.
Get a ticket, pay higher premiums – Having a clean driving record influences premium rates substantially. Even a single citation may cause rates to rise by as much as twenty percent. Drivers with clean records pay lower auto insurance prices compared to drivers with tickets. Drivers who have gotten license-revoking tickets such as reckless driving, hit and run or driving under the influence may be required to file a proof of financial responsibility form (SR-22) with their state’s department of motor vehicles in order to keep their license.
The example below shows how traffic citations and at-fault fender-benders increase Jeep Grand Cherokee insurance costs for different age groups of insureds. The costs are based on a single male driver, full coverage, $500 deductibles, and no discounts are applied.
Lower performance equals lower insurance prices – The type of vehicle you own makes a big difference in determining your rates. Lower performance four cylinder passenger cars generally receive the lowest base rates, but that’s not the only thing that factors into the final price.
The next chart uses these assumptions: single female driver age 40, full coverage with $1000 deductibles, and no discounts or violations. The data compares Jeep Grand Cherokee rates compared to other models that have a range of risk factors.
Which gender costs less? – Statistics demonstrate that females take fewer risks when driving. However, don’t assume that women are better drivers. Both genders get in at-fault accidents at a similar rate, but men cause more damage and cost insurance companies more money. Men also statistically receive more major tickets such as driving while intoxicated (DWI) or driving recklessly. Male drivers age 16 to 19 are most likely to cause an accident so it costs more to insure them.
The example below shows the difference between Jeep Grand Cherokee auto insurance costs for male and female drivers. The prices are based on no claims or violations, comprehensive and collision coverage, $1,000 deductibles, drivers are single, and no other discounts are factored in.
Eliminate add-on coverages – There are many optional add-on coverages that sound like a good idea at the time when buying insurance. Things like rental car reimbursement, high-cost glass coverage, and additional equipment coverage are probably not needed. They may seem like a good idea when talking to your agent, but if you have no use for them get rid of them and save.
Defend yourself with liability coverage – A critical coverage on your policy, liability insurance is the coverage that protects you if ever you are ruled to be at fault for causing damage or personal injury in an accident. Liability insurance provides you with a defense in court which can be incredibly expensive. Liability insurance is quite affordable compared to comp and collision, so drivers should make sure they buy enough to cover all assets.
The higher your credit history the lower your premiums – Credit history is a large factor in determining your rates. People with excellent credit scores tend to be more responsible than drivers with worse credit. Therefore, if your credit history leaves room for improvement, you could pay less to insure your Jeep Grand Cherokee by improving your credit score.
Annual mileage impacts rates – The higher the mileage driven every year the more you will pay for insurance. Many insurance companies apply a rate determined by how the vehicle is used. Vehicles that are left in the garage can be on a lower rate level than cars that get driven a lot. It’s always a good idea to double check that your insurance declarations sheet is rated on the right rating data. An improperly rated Grand Cherokee may be costing you.
Loss statistics for a Jeep Grand Cherokee – Companies include the past claim history for a vehicle when they calculate premium rates for each model. Models that have increased losses will have a higher cost to insure.
The table below outlines the historical insurance loss data for Jeep Grand Cherokee vehicles. For each coverage type, the claim probability for all vehicles, without regard to make or model, is represented as 100. Numbers below 100 mean the vehicle has better than average losses, while values over 100 point to more frequent losses or larger claims.
| Make and Model | Collision | Property Damage | Comp | Personal Injury | Medical Payment | Bodily Injury |
|---|---|---|---|---|---|---|
| Jeep Grand Cherokee 4dr 2WD | 81 | 111 | 71 | 62 | 60 | 94 |
| Jeep Grand Cherokee 4dr 4WD | 91 | 112 | 98 | 67 | 63 | 89 |
Data Source: iihs.org (Insurance Institute for Highway Safety) for 2013-2015 Model Years
Don’t assume everyone needs the same car insurance coverage
When buying your policy, there really isn’t a perfect coverage plan. Everyone’s needs are different.
These are some specific questions can help discover whether or not you would benefit from an agent’s advice.
- Why are teen drivers so expensive to add on to my policy?
- What if I owe more than I can insure my car for?
- Am I covered if I hit my neighbor’s mailbox?
- What if I don’t agree with a claim settlement offer?
- Am I covered when using my vehicle for business?
- What is GAP insurance?
- How much coverage applies to personal belongings?
If you’re not sure about those questions but you know they apply to you, you might consider talking to an agent. If you don’t have a local agent, simply complete this short form.
Insurance quotes from neighborhood Minneapolis auto insurance agents
Certain consumers would rather sit down with an agent and that is a personal choice. One of the great benefits of comparing insurance online is the fact that drivers can get lower rates and still have an agent to talk to. Putting coverage with neighborhood insurance agencies is definitely important in Minneapolis.
By using this quick form, your coverage information gets sent to local insurance agents in Minneapolis who will return price quotes for your insurance coverage. It makes it easy because there is no need to contact any insurance agencies since rate quotes are delivered to you instantly. Get lower rates AND an agent nearby. If you want to compare rates from a specific company, just jump over to their website and fill out their quote form.
The difference between Minneapolis auto insurance agents
If you want to use an insurance agent, you need to know there are two types of agencies and how they differ in how they quote coverages. Insurance agencies in Minneapolis can be classified as either independent (non-exclusive) or exclusive.
Independent Agents (or Brokers)
Agents in the independent channel do not have single company limitations so they can quote policies with lots of companies depending on which coverage is best. If your premiums go up, they simply move the coverage in-house and you won’t have to switch agencies.
When shopping rates, you definitely need to check rates from multiple independent agents to have the best price comparison. Many can place coverage with different regional companies that may have much lower rates than larger companies.
Listed below is a small list of independent insurance agents in Minneapolis who may provide cheap rate quotes.
- Glover Insurance Agency
2520 NE Lowry Ave – Minneapolis, MN 55411 – (612) 284-3227 – View Map - Semlak Miernicki Insurance Agency
2657 Dupont Ave S – Minneapolis, MN 55408 – (612) 208-0873 – View Map - Bernie Glover Insurance Agency
2520 Lowry Ave N – Minneapolis, MN 55411 – (612) 522-6531 – View Map
Exclusive Insurance Agencies
Exclusive insurance agents normally can only provide a single company’s rates like Allstate, AAA, Farmers Insurance, and State Farm. They are unable to provide other company’s prices so keep that in mind. Exclusive agents receive a lot of sales training on what they offer which aids in selling service over price. Some insured continue to buy from the same agent for years mainly due to the brand rather than having the cheapest rates.
Below is a short list of exclusive agencies in Minneapolis that are able to give price quote information.
- Farmers Insurance – Matthew Nye
2104 Stevens Ave #309 – Minneapolis, MN 55404 – (612) 979-2330 – View Map - State Farm: Ashkan Morvari
25 W Diamond Lake Rd – Minneapolis, MN 55419 – (612) 455-4196 – View Map - State Farm: Seth Bork Insurance Agency Incorporated
8347 University Ave NE D – Minneapolis, MN 55432 – (763) 780-2222 – View Map
Picking an auto insurance agent requires more thought than just a cheap price quote. You should also get answers to these questions.
- Does the agent have professional designations like CIC, CPCU or AIC?
- If your car is totaled, how to they determine the replacement cost?
- Will your rates increase after a single accident?
- Do they write coverage based solely on cost?
- Do they receive special compensation for putting your coverage with one company over another?
- Can they give you a list of client referrals?
- Do they specialize in personal lines coverage in Minneapolis?
- How long has their agency been in business in Minneapolis?
Upon getting good feedback to your questions as well as offering an affordable quote, it’s possible that you found an auto insurance agent that is a good match to adequately provide insurance. Just remember you can always terminate coverage whenever you wish so don’t think that you are permanently stuck with any specific agency for the entire policy term.
Auto insurance in Minnesota serves several purposes
Even though it can be expensive, paying for auto insurance serves several important purposes.
- The majority of states have minimum mandated liability insurance limits which means the state requires specific minimum amounts of liability in order to get the vehicle licensed. In Minnesota these limits are 30/60/10 which means you must have $30,000 of bodily injury coverage per person, $60,000 of bodily injury coverage per accident, and $10,000 of property damage coverage.
- If you have a lien on your Grand Cherokee, most banks will require you to have physical damage coverage to ensure they get paid if you total the vehicle. If you cancel or allow the policy to lapse, the bank will be required to insure your Jeep at a much higher rate and make you pay for it.
- Auto insurance preserves your vehicle and your assets. It will also pay for medical expenses for yourself as well as anyone injured by you. One policy coverage, liability insurance, will also pay to defend you if you are named as a defendant in an auto accident. If your car is damaged in a storm or accident, comprehensive (other-than-collision) and collision coverage will pay to repair the damage minus the deductible amount.
The benefits of insuring your Grand Cherokee more than cancel out the cost, specifically if you ever have a liability claim. The average driver in Minnesota is overpaying over $750 every year so it’s recommended you shop around at least once a year to help ensure money is not being wasted.
Cheap car insurance premiums are out there
We’ve covered many ways to lower your Jeep Grand Cherokee insurance auto insurance rates in Minneapolis. The key concept to understand is the more times you quote, the better likelihood of getting inexpensive Minneapolis auto insurance quotes. Drivers may even discover the biggest savings come from a small mutual company.
People who switch companies do it for a variety of reasons including delays in responding to claim requests, high prices, denial of a claim and not issuing a premium refund. No matter why you want to switch, finding a new company is not as difficult as it may seem.
As you shop your coverage around, it’s not a good idea to skimp on critical coverages to save a buck or two. There have been many cases where consumers will sacrifice liability coverage limits only to regret that the small savings ended up costing them much more. Your focus should be to find the BEST coverage at an affordable rate, not the least amount of coverage.
Even more information is located by following these links:
- Teen Driver Statistics (Insurance Information Institute)
- How Much are Auto Insurance Quotes for Drivers Over Age 60 in Minneapolis? (FAQ)
- Who Has the Cheapest Car Insurance Quotes for a Honda CR-V in Minneapolis? (FAQ)
- State Laws for Cellphones and Texting (iihs.org)
- Car Insurance: When not to Skimp (BankRate.com)